Nissay Asset Management Corp Japan ADV Purchases New Position in Millrose Properties, Inc. $MRP

Key Points

• Nissay Asset Management Corp Japan ADV acquired 18,427 shares of Millrose Properties, Inc., valued at approximately $488,000, marking a significant investment in the company's stock.
• Goldman Sachs raised their target price for Millrose Properties from $28 to $31.50, maintaining a "buy" rating, indicating positive analyst sentiment towards the stock.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, resulting in an annualized yield of 7.9%, providing shareholders with a steady income stream.

Nissay Asset Management Corp Japan ADV purchased a new position in Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,427 shares of the company's stock, valued at approximately $488,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Yousif Capital Management LLC bought a new position in shares of Millrose Properties during the first quarter valued at about $1,190,000. Bessemer Group Inc. bought a new position in shares of Millrose Properties during the first quarter valued at about $81,000. Blair William & Co. IL bought a new position in shares of Millrose Properties during the first quarter valued at about $351,000. Pacific Heights Asset Management LLC purchased a new stake in shares of Millrose Properties during the first quarter worth about $8,748,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Millrose Properties during the first quarter worth about $659,000.

Millrose Properties Price Performance

Shares of Millrose Properties stock traded down $0.21 during trading on Friday, reaching $34.63. 813,300 shares of the stock were exchanged, compared to its average volume of 1,031,480. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.06 and a current ratio of 0.06. The stock's fifty day moving average is $32.12 and its 200 day moving average is $27.93. Millrose Properties, Inc. has a 1 year low of $19.00 and a 1 year high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The firm had revenue of $149.00 million for the quarter.

Millrose Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.0%.

About Millrose Properties

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.